64 Avonwood RdAvon, CT 06001

Property Details for 64 Avonwood Rd

Year built

2024

Lot size

29.39 AC

Property type

Commercial real estate

Description

This exceptional Avon, CT property presents a rare development opportunity encompassing a significant expansion plan. The approved plans detail a 250-unit addition to an existing 189-unit complex, situated on a generous 29.39-acre lot at 64 Avonwood Road. The expansion will consist of two four-story buildings adding 196 apartment units, offering a diverse range of floor plans to cater to various lifestyles. These include 122 one-bedroom, 30 two-bedroom/one-bathroom, 32 two-bedroom/two-bathroom, and 12 three-bedroom/two-bathroom apartments. Further enhancing the residential options, the project also incorporates 14 one-bedroom/one-bathroom, 14 two-bedroom/one-bathroom, and 26 three-bedroom/2.5-bathroom townhome-style units. Residents will enjoy upgraded amenities including a new pool and clubhouse, expansive patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample outdoor parking. Twenty percent of the expanded units will meet Affordable Housing requirements. The expansion is projected to increase monthly rent for existing tenants by approximately $75 due to the significant amenity enhancements. The current ownership team is available to oversee and manage the project's execution. This offering includes the option to purchase the existing property (MLS #24037027) along with the development rights. The asking price for this substantial development opportunity is $12,000,000.

Location Insight

City

Avon

County

Hartford

State

Connecticut

Latitude

41.7999

Longitude

-72.8259

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].